Lemonade Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Year	2023	2022	2021	2020	2019	2018
Revenue	429.8	256.7	128.4	94.4	67.3	22.5
Revenue Growth (YoY)	67.43%	99.92%	36.02%	40.27%	199.11%	-
Cost of Revenue	339.6	211.3	96	69.1	55.4	19.4
Gross Profit	90.2	45.4	32.4	25.3	11.9	3.1
Selling, General & Admin	231.2	260.6	214.2	126.7	110	51
Research & Development	88.8	79.6	51.8	19.4	9.8	4.7
Operating Expenses	320	340.2	266	146.1	119.8	55.7
Operating Income	-229.8	-294.8	-233.6	-120.8	-107.9	-52.6
Pretax Income	-229.8	-294.8	-233.6	-120.8	-107.9	-52.6
Income Tax	7.1	3	7.7	1.5	0.6	0.3
Net Income	-236.9	-297.8	-241.3	-122.3	-108.5	-52.9
Shares Outstanding (Basic)	70	65	61	34	11	11
Shares Outstanding (Diluted)	70	65	61	34	11	11
Shares Change	7.30%	6.04%	81.92%	202.53%	1.76%	-
EPS (Basic)	-3.40	-4.59	-3.94	-3.63	-9.75	-4.84
EPS (Diluted)	-3.40	-4.59	-3.94	-3.63	-9.75	-4.84
Free Cash Flow	-128.3	-173.1	-154	-96.1	-80.8	-41.5
Free Cash Flow Per Share	-1.84	-2.67	-2.52	-2.85	-7.26	-3.80
Gross Margin	20.99%	17.69%	25.23%	26.80%	17.68%	13.78%
Operating Margin	-53.47%	-114.84%	-181.93%	-127.97%	-160.33%	-233.78%
Profit Margin	-55.12%	-116.01%	-187.93%	-129.56%	-161.22%	-235.11%
Free Cash Flow Margin	-29.85%	-67.43%	-119.94%	-101.80%	-120.06%	-184.44%
EBITDA	-209.8	-282.6	-229.9	-119.1	-107.3	-52.5
EBITDA Margin	-48.81%	-110.09%	-179.05%	-126.17%	-159.44%	-233.33%
Depreciation & Amortization	20	12.2	3.7	1.7	0.6	0.1
EBIT	-229.8	-294.8	-233.6	-120.8	-107.9	-52.6
EBIT Margin	-53.47%	-114.84%	-181.93%	-127.97%	-160.33%	-233.78%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).